(Answered) Question - information for two companies in the same

Accounting

Question - Information for two companies in the same industry, Merrill Corporation and Wingate Corporation, is presented here.

	Merrill Corporation	Wingate Corporation
Net cash provided by operating activities	$80,000	$100,000
Average current liabilities	50,000	100,000
Net income	200,000	200,000
Capital expenditures	40,000	70,000
Dividends paid	5,000	10,000

Instruction -

Compute free cash flow for both companies and compare.

Compute cash provided by operating activities - direct method.

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Accounting Basics, Accounting

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